The Bucks borrowed $55 million from the NBA… last year


The Milwaukee Bucks are a pretty good example of the market struggles facing smaller-market owners in the NBA. It’s not like owner Herb Kohl hasn’t hired good people. John Hammond and Scott Skiles are both very good at their respective positions. And it’s not like Kohl hasn’t spent money on players. From Michael Redd to John Salmons to Drew Gooden to Andrew Bogut, the Bucks have kept the purse strings loose to try and build a winner. But the market simply hasn’t been great without the ability to convince fans they can compete for a championship (with good reason). And as a result, the Bucks have lost quite a bit of money. And it would appear the Bucks have tapped the league for quite a bit of help to cover themselves for the red line present and future.

From the Milwaukee Journal-Sentinel:

U.S. Sen. Herb Kohl, owner of the Milwaukee Bucks, borrowed at least $55 million last year from the NBA’s credit facility, according to his Senate financial disclosure form.

Disclosure rules in the Senate do not require senators to disclose the exact amount of their investments, assets and liabilities. But the records indicate that Kohl borrowed at least $55 million in three separate loans in behalf of the Bucks.

The records also indicate that Kohl used some of the proceeds for investments by two of his trusts. That is allowable under NBA rules for those borrowing from the $2 billion credit facility.

via Kohl borrowed from NBA – JSOnline.

The Journal notes that taking the loan doesn’t necessarily mean that the team lost money. But considering Kohl has openly said the Bucks have lost money and their status in Forbes’ franchise-value list, it’s a pretty good bet. That’s quite a bit of cash for one franchise, and with Kohl deciding not to run for re-election in 2012, you have to wonder if eventually Kohl won’t be the one writing checks, or applying for loans on behalf of the Bucks.

It’s probable that Kohl would look to sell the team to a local ownership group to keep the team in Milwaukee, but considering that kind of red ink on the books, it might be difficult. Meanwhile, expect ownership to use this kind of information to squeeze the players, using it as evidence of their enormous losses over the past several years while the players continue to respond in saying that revenue sharing and other venues will solve the problem and no one really having a conversation about it.

It’s hard to pinpoint anything Kohl’s done to put himself in this situation. The Bucks have made their fair share of poor moves, player-wise, management-wise, coaching-wise over the past few years, but they’ve been respectable. Everyone points to the Knicks’ failures to win a title as evidence the system doesn’t favor big market teams, but a look at the larger markets’ black ink compared to cases like this shows there’s enough there to support the idea of the system being broken.

Only question is how long it will take to fix it.


Vince Carter mocks Blake Griffin complaining to ref (video)

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What goes around came around for Blake Griffin, who hysterically impersonated Austin Rivers while both played for the Clippers.

As Griffin argued a foul he drew should have been a shooting foul during the Pistons’ win over the Kings last night, Vince Carter imitated him – not so flatteringly:

Carter just became a hero to referees everywhere tired of Griffin’s incessant complaining.

Rumor: Mark Jackson “hot name” to be Knicks next head coach

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This summer is going to be nothing like last summer. Way back in the summer of 2017, while you were desperately trying to avoid hearing again dancing to “Despacito,” NBA coaches were feeling safe — there was not one coaching change in the offseason.

Already this season Earl Watson in Phoenix and Jason Kidd in Milwaukee both were fired, and both of those teams will be conducting coaching searches this summer. The buzz around the league is there will be an opening in Orlando, too, and possibly Detroit depending on whether Stan Van Gundy wants to pull a Doc Rivers from last summer.

Then there’s the Knicks — Jeff Hornacek would like to know his status. Understandably. The scuttlebutt around the league is he may want to sharpen his resume and get in touch with a realtor, but nothing is official.

Marc Stein of the New York Times took it one step further in his weekly newsletter, saying former Warriors coach and current ABC/ESPN commentator — not to mention Knicks player — Mark Jackson would be at the front of the line to get the Knicks coaching job.

The former Knicks guard Mark Jackson keeps coming up as a hot name to succeed Hornacek, amid a growing belief the Knicks’ new front-office chief — Scott Perry — will want to install his own hand-picked choice heading into next season.

It’s difficult to fault Hornacek for much of the chaos that has engulfed the Knicks during his two seasons in charge. But there’s no avoiding the fact he was a Phil Jackson selection, which could well doom him now that the organization seems intent on cutting every non-Porzingian tie to the Phil era as possible.

Already there have been denials of a couple of things Stein had in his newsletter. The Pistons and Chauncey Billups both shot down the idea they have discussed a front office spot for him after Van Gundy is pushed out of the GM role, and Alex Lasry denied that the Bucks have a list that includes Jeff Van Gundy. So, use as much salt here as you would like with the Jackson rumor.

The Jackson-to-the-Knicks rumor makes some sense — Jackson built the defensive foundation on which the Warriors have won titles, and he’d be an easy sell to fans and any cantankerous owners who may have a say in the matter. However, the Knicks would be wise to do a broad search and get the best possible guy, not just the guy easiest to sell. Jackson was beloved by his players but pushed out in Golden State for legit reasons, all of which must be considered. Talk to the highly respected David Fizdale. Bring in Monty Williams. That’s just the top of the list, but the Knicks need to nail this — they have the hardest thing to get in building a team, a franchise cornerstone piece in Kristaps Porzingis, but they need to do a better job of creating a culture/foundation/system, and putting players that fit said system around KP. Also, once they pick a system, stick with it fully for at least three or four years — give it a chance to breathe.

It’s too early to call this anything other than a rumor, but it’s something to watch as we head to summer.


Report: With his knee not progressing as hoped, Kyrie Irving to get second opinion

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Kyrie Irving has missed the last three Celtics games — two of them losses — due to a sore knee. This is the same knee where he fractured a kneecap in the 2015 NBA Finals, and GM Danny Ainge admitted that in the next few years Irving may need a maintenance surgery to keep the issues down.

Now comes a report that just time off has not yet had the desired effect on Irving’s knee, so he will seek a second opinion, Shams Charania of The Vertical at Yahoo Sports broke the story and Brad Stevens of the Celtics confirmed it (with some more details by Adrian Wojnarowski of Yahoo Sports).

There is no timetable for Irving’s return, but he will not be on the Celtics’ four-game road swing through the West that starts Friday.

Getting a second opinion is the smart move. NBA team doctors are very good at their jobs, but as with any serious medical issue, a second opinion is a good idea (plus, team doctors are paid by the team, which can create a conflict of interest). Most likely the second doctor says “rest is all you need,” but better to be safe than sorry.

Boston is going to be ultra conservative in bringing Irving back. The simple fact is that in the wake of injuries to Daniel Theis and Marcus Smart (who maybe could return in the second round of the playoffs), it’s unlikely the Celtics get out of the Eastern Conference this season. They lack a high-level secondary playmaker on offense after Irving (Boston’s offense is eight points per 100 possessions worse when Irving is not on the court this season) and with the injuries their defense can’t carry them far enough. Boston has always played the long game with this rebuild, and they will do it with Irving as well.

Jordan Clarkson says he believes dinosaurs were pets of bigger people

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Kyrie Irving debuted his flat-earth beliefs on Channing Frye‘s and Richard Jefferson‘s podcast.

Now, another Cavaliers guard is following in those footsteps with another zany theory.

Jordan Clarkson on Road Trippin’:

I don’t believe in dinosaurs, either. Well no, I actually do. I believe that – this is gonna get a little crazy, alright? I’m gonna take y’all a little left on this. OK, so y’all know how we got dogs and stuff, right?

So, I think it was bigger people in the world before us, and, like, the dinosaurs was their pets.

How big were these people? Clarkson:

Oh, you look at a dinosaur. They got to be three times bigger than them.

I too have seen The Flintstones: